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11 Low Street

Picton Ward, Prince Edward County

$399,500

Detached|1 1/2 Storey
3 | 2 | 9
About this home

3 bedroom home in a family orientated neighbourhood. Located 2 blocks from the Picton Harbour and easy walking distance to the downtown core which offers loads of amenities for any lifestyle. Entertainment to suit many folks, shopping in specialty shops galore, and some very great fine dining and county fare for all. You really don't have to have a car to reach your favourite coffee stop, visit the library, pick up some groceries, get your hair cut, or make use of many professional and medical services available. The home was originally built in 1880 and has had many additions over the years. A main level laundry room, additional 2 piece bathroom on 2nd level, a large carport ideal for your car plus a workshop area and the best part is!!!!!!..........the size of the lot and the multitude of options! Situated on an oversized lot on the corner of Low and Maitland Street that is 117 feet x 75 feet, this plot is only a Minor Variance away from a severance, could possibly be approved for multi-family living new build, or have your swimming pool dreams come true! Currently there is a main level bedroom which has a separate entrance and would be ideal for a home based business. Perhaps a hairdresser, bookkeeper or craftsperson? Picton is a very vibrant community with many recreational features; Hike or cycle on the Millenium Trail, 2 Community Centres with ice rinks, ball diamonds, skate and water park, Tennis courts, basketball courts, Pickle ball court and so many parks and beaches to enjoy all seasons.

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agent
Macallum Tepsich
(647) 326-2579
TypeDetached
Style1 1/2 Storey
Approx. Age100+
Size1500-2000 sq. ft.
Property Tax$2,009
Lot Size75.62 ft x 117.62 ft
mls© NumberX12496534
Listed BySutton Group Prince Edward County Realty Inc.

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$2,045
Property tax
$167
Heat allowance
$150
Housing costs
$2,362 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $79,900
25-yr amortization

Income needed

$73,000

gross annual household income

Payment at 4%
$1,681 / mo
Cash down
$79,900

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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